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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Turn key restaurants
1012 Skwy Dr, Monroe, NC 28110-3043
Individually Owned
5-yr Hold
Free & Clear
Property ID
US53-0234157
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1975
Total area
5,512 SF
Lot
0.75 ac (32,757 SF)
Zoning code
CD MONROE
APN
09-229-005
UPID
US53-0234157
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rotary Club Association / Organization
-
Derby Restaurant & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$895k
Blend (final)
Blend
$775k
Owner & transaction history
Alexander Vasquez Jhonny · 5 yrs held
Alexander Vasquez Jhonny
since 2020
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
CD MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,065,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $625k (Sep 22 2020)
Last sale anchor
$625k
Sep 22 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,953
Tax year 2023
Assessed value
$545,900
Assessed 2023
Previous assessed
$545,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$165,400
Assessed improvement
$380,500
Land market value
$165,400
Improvement market value
$380,500
Total market value
$545,900
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1975
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
5,512 SF
Lot
0.75 ac (32,757 SF)
Zoning code
CD MONROE
APN
09-229-005
UPID
US53-0234157
Jurisdiction
UNION
Zoning & alternative use
CD MONROE · Monroe, NC
Zoning CD MONROE · permitted uses
CD MONROE · Monroe, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
YES
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Alexander Vasquez Jhonny
Individual
Free & Clear · 5 yrs held
Mailing address
2400 KINGSTREE DR, MONROE, NC 28112-7757
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2020
$625,000
Alexander Vasquez Jhonny
Dimitrios S Tsiamis
Warranty Deed
—
Aug 30, 2018
—
Dimitrios S Tsiamis
—
Trustees Deed
related
$380,000 · Pinnacle Bk
Jan 1, 2002
—
Dimitrios S Tsiamis
Katsiaros,lambro
Quit Claim Deed
related
—
Jan 1, 2002
$37,500
Tsiamis,dimitrios S
Katsiaros,lambro
Trustees Deed
related
—
Dec 31, 2001
—
Lambros Katsiaros
Katsiaros,lambro
Quit Claim Deed
related
—
—
—
Dimitrios S Tsiamis
—
Deed Of Trust
related
$350,000 · Bank Of Nc
—
—
Dimitrios S Tsiamis
—
Deed Of Trust
related
$478,000 · Citizens South Bank
—
—
Dimitrios S Tsiamis
—
Deed Of Trust
related
$510,000 · Trinity Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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